BEDFORD, Mass., June 22 /PRNewswire-FirstCall/ -- Magplane Technology, Inc. (OTC:MAGP), focused on commercializing proprietary magnetic levitation (maglev) technologies, is pleased to announce the launch of its new corporate website at http://www.magplane.com/. The site offers detailed information including white papers and global business development initiatives for Magplane's maglev technologies. The home page features videos demonstrating how maglev is used in the transportation of people and goods via the Magplane Passenger System and Pipeline System, respectively. The website also contains expanded corporate and investor relations information accessible in a more user-friendly layout. The Investor Relations section will be continually updated to feature the latest company news, SEC filings and stock information. Chief Financial Officer, Jason Mill stated, "The enhanced website provides new information about our pipeline technology that is being deployed in Inner Mongolia. We encourage anyone interested in maglev to visit the site and learn more about our pipeline and passenger systems and we will keep investors up to date on our progress in China on the news page." About Magplane Technology, Inc. Founded by a group of MIT engineers, Magplane Technology, Inc. (MTI) is the developer of the Magplane system, an innovative magnetic levitation (maglev) transportation system that offers significant advancements over other high-speed trains and light-rail transit systems. Magplanes can achieve speeds up to 500 km/hour for inter-city travel and nearly silent operation for urban mass transit systems. The Magplane system has also been adapted for use in a unique pipeline application that can reduce the cost and pollution from diesel trucks used in transporting material from mining operations. Most recently, Magplane signed agreements with Inner Mongolia initially worth $80 Million to build commercial pipeline infrastructure for transporting the region's coal production. For more information, visit http://www.magplane.com/. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. CONTACT: For Investor Relations Rick McCaffrey OTC Financial Network 781-444-6100x621 http://www.otcfn.com/magp At the Company Jason Mill Magplane Technology, Inc. DATASOURCE: Magplane Technology, Inc. CONTACT: Jason Mill of Magplane Technology, Inc., ; or Rick McCaffrey of OTC Financial Network, +1-781-444-6100x621, , for Magplane Technology, Inc. Web site: http://www.magplane.com/

Copyright